Question: 33. Erickson s is considering a project with an initial cost of $623,000. The project will produce cash inflows of $33,500 monthly for 21 months.

33. Erickson s is considering a project with an initial cost of $623,000. The project will produce cash inflows of $33,500 monthly for 21 months. What is the annual rate of return on this project?

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